Agency maintains GDP forecast for the year

Quick Summary:

The government's planning agency is maintaining its GDP forecast for this year but advises the government to speed up implementing measures to boost the economy and prepare the 2025 budget to address economic volatility caused by global crises.

The NESDC reported on Monday that the economy in the second quarter of 2024 expanded by 2.3% year-on-year thanks largely to stronger consumption, tourism and exports, accelerating from 1.6% in the first quarter.

However, the economic outlook for the remainder of the year will largely depend on government spending and a boost in consumption.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Economic Expected Budget Market Quarter Year Stimulus Measures Government Economy Consumption

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 05:46:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 968 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22162148

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Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 9 hours ago

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